BOJ Beat: No Simple Link Between GDP and Easing

By

Takashi Nakamichi

Feb 25, 2014 2:39 pm JST

Bloomberg News

Bank of Japan Gov. Haruhiko Kuroda likes to use simple, easily digestible language to communicate complex monetary policy. It’s a strategy that has succeeded in maximizing the psychological impact of each policy action.

But simplification of the central bank’s communication approach doesn’t mean Mr. Kuroda has also simplified the policy-setting process to focus on just one set of data–gross domestic product–people close to the central bank said.

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